Dalmia Bharat Ltd Q3FY21 consolidated PAT drops QoQ to Rs. 182 crore

Dalmia Bharat Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2903 crores during the period ended December 31, 2020 as compared to Rs.2451 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.182 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.232 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.68 for the period ended December 31, 2020 as compared to Rs.12.22 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 2903 crs	₹ 2451 crs	18.44%
Net Profit	₹ 182 crs	₹ 232 crs	-21.55%
EPS	₹ 9.68	₹ 12.22	-20.79%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2903 crores during the period ended December 31, 2020 as compared to Rs.2486 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.182 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.24 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.9.68 for the period ended December 31, 2020 as compared to Rs.1.25 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 2903 crs	₹ 2486 crs	16.77%
Net Profit	₹ 182 crs	₹ 24 crs	658.33%
EPS	₹ 9.68	₹ 1.25	674.4%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.7383 crores during the 9 months period ended December 31, 2020 as compared to Rs.7352 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.604 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.198 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.32.12 for the 9 months period ended December 31, 2020 as compared to Rs.10.23 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 7383 crs	₹ 7352 crs	0.42%
Net Profit	₹ 604 crs	₹ 198 crs	205.05%
EPS	₹ 32.12	₹10.23	213.98%

Commenting on the results, Mr. Puneet Dalmia, Managing Director - Dalmia Bharat Limited, said, "The strength and resilience of Dalmia Bharat is manifested in Q3 with robust financial and operating metrics. Company has recorded a strong volume growth of 14%, EBITDA growth of 51%, EBITDA/T increase of 32% and capacity utilization of 81%. We have a very strong balance-sheet and have repaid debt of Rs. 1379 cr during the financial year. Our net debt to EBIDTA is at 0.56x as on Dec 31, 2020.

He further added, "We have emerged stronger from this crisis with our razor sharp focus on the business fundamentals and on the well-being of our customers and our employees."

Mr. Mahendra Singhi, Managing Director and CEO - Dalmia Cement (Bharat) Limited said, "Dalmia Bharat has delivered yet another quarter of strong EBITDA and PAT growth along with a volume growth of 14%. Premium products registered a growth of 66% year on year and the company maintained its progress on fossil fuel substitution with alternative fuels and renewable energy. Our company continues to focus and move upward towards environment and sustainability."

Shares of Dalmia Bharat Ltd was last trading in BSE at Rs.1267 as compared to the previous close of Rs. 1243.9. The total number of shares traded during the day was 6476 in over 764 trades.

The stock hit an intraday high of Rs. 1274.3 and intraday low of 1244.9. The net turnover during the day was Rs. 8187472.

Source : Equity Bulls

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